FP Markets Review 2026
The full FP Markets write-up for Latvia traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Latvia
| Regulator | CySEC CySEC, Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 371/18 |
| Regulated Entity | FP Markets EUGMBH |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 10,000+ |
| Platforms | MT4, MT5, cTrader, TradingView, IRESS |
| Copy Trading | ✗ |
| Real Stocks | ✓ |
| Inactivity fee | No inactivity fee |
| Verify on CySEC register → | 371/18 |
Verdict
Cooks under CySEC (licence 371/18). Cover charge $100. In Latvia, forex leverage is capped at 1:30.
About FP Markets
FP Markets opened its doors in 2005 out of a kitchen in Sydney, Australia. Its menu runs to 10,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by FP Markets EUGMBH under CySEC.
In Latvia, FP Markets serves as FP Markets EUGMBH, cleared by CySEC under licence number 371/18. Under CySEC house rules, Latvia traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- CySEC regulated, licence 371/18
- 10,000+ instruments to trade
- Negative balance protection in Latvia
- Platforms: MT4, MT5, cTrader, TradingView, IRESS
- Real stock ownership (not CFD)
- Founded in 2005 (21 years operating)
- 10,000+ instruments, one of the widest menus reviewed
Cons
- No inactivity fee
- 74.2% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
Key Facts, FP Markets
- Australian broker founded 2005, ASIC-regulated, consistently wins ECN/STP awards
- Average EUR/USD raw spread of 0.0 pips, one of lowest raw spreads in industry
- Access to Iress ViewPoint platform alongside MT4/MT5, rare retail access to professional platform
Known Limitations
- Primarily Australian-focused, international support can be slower
- Limited research and analysis content compared to global brokers
- Crypto CFDs not available on Australian-entity accounts
Frequently Asked Questions
Is FP Markets regulated?
Yes. FP Markets is authorised by CySEC, issued to the entity FP Markets EUGMBH, an authorisation you can look up for yourself on the official CySEC public register.
What is the minimum deposit for FP Markets in Latvia?
The cover charge is $100, the smallest amount Latvia traders need to open a live account with FP Markets under CySEC rules.
What leverage does FP Markets offer in Latvia?
In Latvia, CySEC rules cap FP Markets at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FP Markets safe to trade with?
The kitchen passes inspection: FP Markets cooks under CySEC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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